For some years now a movie's prospects outside the US have played a key role in assembling the financing and distribution. Central to this is the international pre-sale, whereby a company licenses distribution rights to a forthcoming project in return for a portion of the budget. In this regard kudos is due to FilmNation, the New York-based company run by the vastly experienced former Weinstein lieutenant Glen Basner. FilmNation handled international sales on The King's Speech and ensured it ended up in safe hands outside the US. To date the movie has grossed more than $130m outside the US, bringing worldwide ticket sales to around $245m.
Wednesday, March 02, 2011
Kings Speech budget: role of co-production + distributors
This is a brief extract from a longer article worth reading for insight into the economics of the 'British' film industry: